Bitcoin beats out final resistance as Ethereum returns to $2K

Bitcoin (BTC) reached its highest level on the 2nd. April briefly reached the $60,000 mark in its last slow edition and has returned to all-time highs.

1-hour candlestick chart of BTC/USD (Bitstamp). Source: View of the shop

Bitcoin beats out final resistance as Ethereum returns to $2K

Tap Price BTC $60,000

Cointelegraph Markets Pro and TradingView showed that the uptrend in BTC/USD continued overnight, with local highs of $60,110 on Bitstamp.

A correction brought the pair closer to $59,000, at the time of writing this article it stood at $59,500.

Persistently high levels mean that bitcoin has effectively reversed the sudden drop from earlier in the week, while continuing to trade within a certain range.

For the popular crypto-Ed trader, the prospect of $60,000 is disappearing as resistance eases as selling pressure on the exchanges subsides. But for more than $70,000, you may have to wait longer.

I mentioned the goal of $73,000 for BTC and $2,300 for ETH, he wrote Friday.

As I see it now, ETH is on the right track. BTC doesn’t know yet if it will reach that goal this cycle, but I think we will see a strong push above 60k (soon).

The others are more optimistic, with short-term estimates of $68,000 and $73,000 and targets for 2021 of more than $288,000.

BTC/USDT (Binance) Buy and sell stands from 2. April. Source: Material displays

In February, the BTC space gave up $57,500 worth of BTC. But it looks like BTC turned that level into support a few days ago, added fellow Twitter insider Rekt Capital.

Now it’s a matter of going from there. And today we see a sequel.

The $5,000 ether is at.

Crypto Ed, which touts Ether (ETH) as the largest altcoin by market capitalization, rose for the first time since the 20th century. In February, the $2,000 mark was reached.

After a decline along with bitcoin, the ETH/USD exchange rate returned to form last week, posting near-constant higher highs on daily timeframes and approaching the all-time high of around $2,040.

1 hour ETH/USD candlestick chart (Bitstamp). Source: TradingView

Bitcoin beats out final resistance as Ethereum returns to $2K

As Cointelegraph reports, Ether prices are now bullish than ever, with $2,600, $5,000 and even $10,000 on the line.

The number of ETH on exchanges such as BTC has dropped this year.

ETH foreign exchange reserves vs. ETH/USD. Source: CryptoQuant

Bitcoin beats out final resistance as Ethereum returns to $2K

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